Pension Plans for Retirement Planning

Retirement & Pension Plans provide you with financial security so that when your professional income
starts to ebb, you can still live with pride without compromising on your living standards. Given the
high cost of living and rising inflation, Retirement planning has become all the more important.

HDFC Life Personal Pension Plus

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HDFC Life Personal Pension Plus is a traditional participating pension plan ideal for individuals who
seek to plan for their retirement. Get secure and stable returns on your invested corpus for post
retirement income.

Features

Flexibility to choose your investment horizon from 10 40 years

Assured benefit equal to 101% of all regular premiums paid on death or at vesting
The plan can be taken only on a single life basis
The flexibility to choose the premium payment frequency i.e. quarterly/half-yearly/annual
EMI available for HDFC Bank Credit Card holders.
Advantage

At vesting (on maturity), choose from a range of annuity options from us and get guaranteed
income for life
Option to commute up to 1/3rd of the vesting benefit tax free

The minimum level of death benefit at all times is 105% of the premiums paid
Enjoy tax benefits on the premiums paid under Section 80CCC of the Income Tax Act 1961,
subject to conditions
Eligibility

Min-Max entry age

18-65 years

Min-Max age at maturity (vesting)

55-75 years

Policy Term

10-40 years

All age mentioned above are age last birthday.

For more details on risk factors, terms and conditions, please read the Product Brochure carefully
and/or consult Financial Consultant before taking a decision.

HDFC Life Click 2 Retire - ULIP

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HDFC Life Click 2 Retire ULIP is an online Unit Linked Plan that offers you market linked returns,
with minimal charges and helps you achieve your retirement goals by planning well in advance.
Features

HDFC Life Click 2 Retire is an Online Pension Plan.

Secure your retirement with Assured Vesting Benefit and also gain from upside in the market
Option to start as early as 18 years
Lower vesting/maturity age of 45 years
Regular, Limited Pay & Single Pay Options available in one product
Death benefits to the nominee which will be higher of the fund value of your policy at the time
of death or 105% of premiums paid till then
Tax Benefits1 under Section 80C and Sec 10(10A) of Income Tax Act 1961
Advantage

Vesting Benefit:
Your policy vests at the end of the policy term, and your Maturity (Vesting) Benefit will be the higher of
the
following
:
Fund

Value

or

Assured

Vesting

Benefit

Assured
Vesting
Benefit
can
be
calculated
as:
[101% +1% * (Policy Term minus Premium Paying Term)] * Total premiums paid
At vesting (on maturity), you have the opportunity to purchase an annuity from a range of options. You
will get guaranteed income for life for yourself and your spouse. You also have the option to commute
up to 1/3rd of the benefit at vesting tax-free as per prevailing tax laws
Deferment of Vesting Date
1.
The deferment of vesting date (retirement date) can be intimated any time before
annuitisation.
2.
You can postpone the vesting date any number of times subject to the maximum
vesting age of 75 years, provided you are below an age of 55 years.
3.
On postponement of vesting date, Assured Vesting Benefit and Death Benefit will
continue to apply. The Assured Vesting Benefit will be the same as that calculated on the policy
term chosen at the inception of the policy.
4.
The funds will move to Pension Conservative Fund and all applicable charges will
continue to be deducted.
Death Benefit: In case of your unfortunate demise before the end of policy term, your
nominee will receive the higher of the following:
1.
Fund Value,
2.
105% of the premium(s) paid. The policy will terminate thereafter and no more
benefits will be payable.
Charges
1.
Premium allocation charge Nil. 100% of your premiums are invested.
2.
Policy administration charge Nil.
3.
Fund Management Charge 1.35% p.a. of the fund value charged daily.
4.
Mortality Charge Nil.
5.
Discontinuance charge Nil.
6.
Investment Guarantee charge

7.
8.

Pension Equity Plus Fund

SFIN ULIF06001/04/14PenEqPlsFd101

0.50% p.a.

Pension Income Fund

SFIN ULIF06101/04/14PenIncFund101

0.50% p.a.

Pension Conservative Fund

SFIN ULIF06201/04/14PenConsvFd101

0.10% p.a.

This is a unit linked plan; the premiums you pay in this plan are subject to investment
risks associated with the capital markets. The unit prices of the funds may go up or down,
reflecting changes in the capital markets.

Fund Details
FUND

SFIN

DETAILS

ASSET CLASS
Money

Governme

Market

nt

RISK &
Equit RETUR
N
y

Instrument Securities,
s, Cash &

Fixed

Deposits

Income
Instrument

RATING

s & Bonds
FUND COMPOSITION
Pension

ULIF06101/04/

Equity Plus 14
Fund

To

0% to 20%

0% to 20%

generate

PenIncFund101 long term

80%

Very

to

High

100%

capital
appreciati
on in line
or better
than Nifty
index
returns
Pension

ULIF06001/04/

To deliver

Income

14

High

Fund

PenEqPlsFd101 potential

0% to 20%

80%

to100%

Moderat
e

returns
due to
investmen
ts in
instrumen
ts with
higher
duration
and credit
exposure
Pension

ULIF06201/04/

To invest

Conservati 14

in high

ve Fund

PenConsvFd10

grade

fixed
income
instrumen
ts and
Governme
nt
securities
at the
short end
of the
yield
curve,to
deliver
stable
returns

Eligibility

0% to 60%

40% to
100%

Low

Entry Age and Vesting Age

Age at
entry3

Minimum

18 years

Maximum

65 years

Vesting Age3

Minimum

45 years

Maximum

75 years

Premium Payment Term (Years)

Policy Term (Years)

Single Pay

10, 15 to 35

8 Pay

10, 15 to 35

10 Pay

10, 15 to 35

15 Pay

15 to 35

WHAT
ARE
THE
LIMITS
FOR
MINIMUM
AND
MAXIMUM
PREMIUMS?
There is no limit on the maximum premium which you can pay. The minimum premiums required will
depend on choice of option and premium payment frequency that you choose
Premium / Payment Frequency

Regular & Limited

Pay Options

Single
Pay
Option
s

Minimum
Premium

Annual

24000

NA

Half Yearly

12000

NA

Quarterly

6000

NA

Monthly4

2000

NA

Single Pay

NA

50000

Maximum Premium

No Limit5

Subject to our prevailing operational rules, it may be required for Monthly Frequency to be taken with
ECS/SI and to pay first 3 months premium in advance. 5 Subject to our Board Approved Underwriting
Policy
For more details on risk factors, charges, terms and conditions, please read the Product Brochure
carefully and/or consult Financial Consultant before taking a decision.
4

HDFC Life Pension Super Plus

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You wait for the day when you can retire and pursue your interests - full time. This is possible only if
you have assurance of post-retirement income. Presenting, HDFC Life Pension Super Plus Plan, a unitlinked pension plan designed to build a corpus over the policy term so that you can enjoy postretirement life.

Features

Additional premium allocation rate of 102.5% from 11th year onwards

Assured benefits on maturity (vesting) with 101% of all premiums paid till date including topup premiums
Flexibility to plan your retirement date and choose policy term
Guaranteed regular income on the annuity purchased from us.

Advantage

At the end of the policy term, you will receive higher of the fund value or assured benefit of
101% of all premiums paid including top-up premiums
Premiums invested in a fund that allocates assets dynamically between equities and fixed
income assets
At vesting (on maturity), you have the opportunity to purchase an annuity from a range of
options. You will get guaranteed income for life for yourself and your spouse. You also have the option
to commute up to 1/3rd of the benefit at vesting tax-free as per prevailing tax laws
In the event of your demise during the policy term, your nominee will receive the death benefit
Benefit from long term investing with Premium Allocation Rate of 102.5% from 11thyear
onwards

For more details on risk factors, terms and conditions, please read the Product Brochure carefully
and/or consult Financial Consultant before taking a decision.

Eligibility
Policy Term

10/15/20 years

Min-Max entry age

35-65 years

Min-Max age at maturity (vesting)

55-75 years

All age mentioned above are age last birthday.

For more details on risk factors, terms and conditions, please read the Product Brochure carefully
and/or consult Financial Consultant before taking a decision.

HDFC Life Single Premium Pension Super

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Investing in a pension plan is one way to secure your finances post-retirement. Presenting HDFC Life
Single Premium Pension Super Plan, a unit-linked single premium policy that creates a corpus over the
policy term to generate post-retirement income for life.

Features

Assured maturity benefit (on vesting) of 101% of single premium and all top-up premiums on
the pension plan
Flexibility to choose single premium amount with option to invest further through top-up
premiums
Flexibility to plan your retirement date
Guaranteed regular income on the annuity purchased from us
Advantage

At the end of the policy term, you will receive higher of the fund value or assured benefit of
101% of single premium paid including top-up premiums
Premiums invested in a fund that allocates assets dynamically between equities and fixed
income assets
At vesting (on maturity), you have the opportunity to purchase an annuity plan from a range of
options. You will get guaranteed income for life for yourself and your spouse. You also have the option
to commute up to 1/3rd of the benefit at vesting tax-free as per prevailing tax laws
In the event of demise during the policy term, your nominee will receive the higher of Fund
Value or 105% of total premiums paid i.e. single premium and top-up premium

For more details on risk factors, terms and conditions, please read the Product Brochure carefully
and/or consult Financial Consultant before taking a decision.
Eligibility
Policy Term Age

10 years

Min-Max entry age

40-75 years

Min-Max age at maturity (vesting)

50-85 years

Age has to be taken as of "last birthday" basis.

For more details on risk factors, terms and conditions, please read the Product Brochure carefully
and/or consult Financial Consultant before taking a decision.

HDFC Life Guaranteed Pension Plan

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Don't let market downturns take your retirement savings and your retirement dreams down with them!
Presenting, HDFC Life Guaranteed Pension Plan, one of the best pension plans designed to help you
build and secure your retirement fund to enjoy the post retirement income.

Features

Guaranteed Additions of 3% of sum assured get accrued for each completed policy year
A lump sum Vesting Addition payable at vesting
Premium payment term of 5, 7 and 10 years
Policy term ranging from 10 to 20 years
This plan can be taken only on a single life basis

Advantage

Limited premium paying term with assured benefit on death or at vesting

On vesting, purchase an annuity from us and enjoy lifetime income- post retirement
Get a lump sum vesting benefit which is a sum of sum assured on vesting, Guaranteed
Additions as well as Vesting Addition
Assured Death Benefit of total premiums paid to date accumulated at a guaranteed rate of 6%
per annum compounded annually
Tax benefit on premiums paid under section 80 CCC of the Income Tax Act, 1961
Eligibility

Min-Max entry age

35-65 years

Min-Max age at maturity (vesting)

55-75 years

All age mentioned above are age last birthday.

For more details on risk factors, terms and conditions, please read the Product Brochure carefully
and/or consult Financial Consultant before taking a decision.

HDFC Life New Immediate Annuity Plan

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HDFC Life New Immediate Annuity Plan is a non linked traditional annuity plan that offers you various
annuity options and provides you an opportunity to live life at on your terms even after retirement.

HDFC Life (HDFC Standard Life Insurance Company) is a long-term life insurance provider with its
headquarters in Mumbai, offering individual andgroup insurance.
It is a joint venture between Housing Development Finance Corporation Ltd(HDFC), one of India's
leading housing finance institution and Standard Lifeplc, leading well known provider of financial
savings & investments services in the United Kingdom. HDFC Ltd. holds 72.37% and Standard Life
(Mauritius Holding) Ltd. holds 26.00% of equity in the joint venture, while the rest is held by others

HDFC Life

Sar utha ke jiyo!

Type

Private company

Industry

Insurance Services

Founded

2000

Founder

Hasmukhbhai Parekh

Headquarters

delhi, India

Area served

India

Key people

Mr. Amitabh Chaudhry, Ms. Vibha

Padalkar

Products

Insurance

Total assets

50258 crore(US$7.6 billion) (2014)

Number of

13,771

employees

Website

www.hdfclife.com

Presence & Distribution[edit]

HDFC Life has about 400+ branches and presence in 980+ cities and towns in India. The company
has also established a liaison office in Dubai.[2]
HDFC Life distributes its products through a multi channel network consisting of Insurance
agents, Bancassurance partners (HDFC Bank, Saraswat Bank, RBL Bank), Direct channel,
Insurance Brokers & Online Insurance Platform.

Products & Services[edit]

HDFC Life's products include Protection, Pension, Savings, Investment, Health along with Children
and Women plans. The company also provides an option of customizing the plans, by adding
optional benefits called riders, at an additional price. The company currently has 37 retail and 8
group products, along with 9 optional rider benefits (as on 31st Oct 2013) [3]

Mohit Karnwal Protection Plans - insurance plans that provide protection and financial
stability to the family in case of any unforeseen events.

Click2Protect is their online term plan.

Click2Invest is their online ULIP investment plan

Health Plan offers financial security to meet health related contingencies.

Savings & Investment plans - These plans help in investment to achieve financial goals

Retirement plans - financial security for life post retirement

Womens plans - plans catering to different financial needs of women

Childrens plans plans meant to secure childrens future

Rural & social Plans meant specifically for rural customers

Key people[edit]
The MD & CEO of the company is Amitabh Chaudhry,[4] ED & CFO is Vibha Padalkar, Chief Actuary
& Appointed Actuary is Srinivasan Parthasarthy, Prasun Gajri is the CIO & Rajendra Ghag heads the
human resources as Chief HR Officer.[5]

Corporate History[edit]
The Insurance Regulatory and Development Authority (IRDA) was constituted in 1999 as an
autonomous body to regulate and develop the insurance industry. The IRDA opened up the market
in August 2000 with the invitation for application for registrations. HDFC Life was established in 2000
becoming the first private sector life insurance company in India.[6]
By 2001, the company had its 100th customer, strengthened its employee force to 100 and had
settled its first claim. HDFC Life launched its first TV advertising campaign 'Sar Utha Ke Jiyo' in
2005. In 2006, a study conducted by the Brand Equity Economic Times had put HDFC Life at 29th
rank in the most trusted Indian Brands amongst the Top 50 Service Brands of 2010. [7]
The Insurance Regulatory and Development Authority (IRDA) gave accreditation to HDFC Life for
149 training centres housed in its branches to cater to the mandatory training required to be given as
well as for other sales training requirements in 2009.
In 2012, it the first private life insurance company to bring back pension plans under the new
regulatory regime, with the launch of two pension plans - HDFC Life Pension Super Plus and HDFC
Life Single Premium Pension Super.[8]

Associated Companies[edit]
HDFC Life's associated companies include HDFC Ltd, HDFC Bank, HDFC Pension, HDFC MF,
HDFC Sales, HDFC Ergo, HDB Financial Services, HDFC Securities, HDFC RED,[9] HDFC Ventures
Trustee Company, GRUH Finance, HDFC Trustee Company, HDFC Developers, HDFC Property
Ventures, HDFC Investments, Credit Information Bureau (India) Ltd.